The Australian Securities Exchange (ASX) gained momentum over the course of the trading session on Tuesday (27 May).
The S&P/ASX200 lifted 46.6 points, or 0.56%, to close at 8,407.6 points by the end of the session.
The index has risen 0.77% over the past five trading days but still sits 2.41% below its 52-week high.
Seven of the 11 sectors ended in the green, led by information technology with a 1.18% rally. The financial sector gained 1.09%, industrials added 0.84% and energy rose 0.51%. However, materials went in the opposite direction, slipping 0.28%.
Of the S&P/ASX200 companies, Capstone Copper (ASX:CSC) held onto its top position ending the session up 6.84% at $8.43. Sandfire Resources (ASX:SFR) also remained in the top five, rising 3.09% to $11.36.
Lithium miner Pilbara Minerals (ASX:PLS) fell 3.25% to $1.34 and gold producer Evolution Mining (ASX:EVN) slid 3.09% to $8.79.
Among the small caps, Antilles Gold (ASX:AAU) held onto its gains to end the day with a 66.67% gain to $0.005 after after announcing two offtake agreements with a “major global commodities trading house” for copper-gold concentrates from its 50% owned Nueva Sabana mine in Cuba.
Sunshine Metals (ASX:SHN) also got a lift today, advancing 42.86% to $0.01 on news it is buying the Sybil Epithermal Gold Project in Queensland, expanding its foothold in the Charters Towers area.
Hawsons Iron (ASX:HIO), meanwhile, climbed 43.75% to $0.023 by the closing bell.
The S&P/ASX200 is Australia’s leading share market index and contains the top 200 ASX-listed companies in terms of market capitalisation, and accounts for about 80% of the country’s equity market. The index is designed to measure the performance of the 200 largest index-eligible stocks listed on the ASX by float-adjusted market capitalisation.
It is recognised as the institutional investable benchmark in the country.
Write to Angela East at Mining.com.au
Images: Wikimedia Commons
